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Headlines
India's jobs vs education conundrum needs a deeper fix | Deccan Herald, 16 apr 2024
Leveraging AI in Indian Rural Education | Analytics India Magazine, 16 apr 2024
A Decade of Reforms: The Evolution of Education and Skill Development | India Foundation, 16 apr 2024
Export numbers reflect resilience of Indian economy: FIEO | The Hindu, 16 apr 2024
Indian rural healthcare witnessed significant progress in last decade | The Statesman, 15 apr 2024
Rx for Referrals: Navigating the Ethical Considerations in India's Medical Landscape | Cyril Amarchand Blogs, 15 apr 2024
Growth momentum in Indian economy expected to persist, farm sector seen challenges | Business Standard, 15 apr 2024
CJI: Artificial Intelligence brings vast opportunities, complex challenges | The Indian Express, 14 apr 2024
In India, Some Say Natural Farming Is Answer to Extreme Weather | Voice of America, 13 apr 2024
Healthcare Innovation in India | Bain & Company, 04 mar 2024
January 2023
Mohammad Anas Wahaj | 31 jan 2023
According to the research by Prof. Praveen Kopalle from the Tuck School of Business (Dartmouth College), Prof. S. Arunachalam of the Rawls College of Business (Texas Tech University), Prof. Hariom Manchiraju of the Indian School of Business (ISB), and Prof. Rahul Suhag of the Kenan-Flagler Business School (University of North Caroline at Chapel Hill), what's good for society and the environment can also be good for a company's bottom line. Firms spending on CSR activities impacts their profitability. Researchers studied data from 2320 unique firms in India between the years 2012 and 2017, completing two forms of empirical analysis - (1) A difference-in-differences design, analyzed companies' CSR spending, advertising, and gross profit margins before and after the passage of the India's CSR law. (2) A regression discontinuity, looked at firms very close to law's threshold (on both sides) and compared the differences in their pricing. According to Prof. Kopalle, 'If both techniques are pointing in the same direction, then we can establish a casual inference that the law is what's making the difference.' After making data more comprehensible, researchers identified three categories of the firms - (1) Newspender: Firms that started spending on CSR after the law was passed. (2) Prosocial: Firms that spent on CSR even before the law was passed. (3) Nonspender: Firms that didn't spend on CSR after the law, and chose to explain to the government why they didn't do so. Mentioning key findings, Prof. Kopalle says, 'The Newspenders start saying more about CSR in their ads and it ends up positively impacting their gross margins...consumers reward socially responsible, profit-maximizing companies and absorb the corresponding price increases without reducing their purchase quantities...At the company level, you can do well by doing good. It's not a zero-sum game...Between using advertising and price as leverage, and having the law as a backup, it gives a cohesive and well-founded story to consumers, so they say it's worthwhile to pay more for products from these companies.' The research also provides proof that governments in emerging economies can use mandatory CSR laws as an innovative strategy to nudge companies to contribute to social causes. Read on...
Tuck School of Business News:
Corporate Social Responsibility is not a Zero-Sum Game
Author:
Kirk Kardashian
Mohammad Anas Wahaj | 25 jan 2023
India continues to face many challenges in its agricultural sector. As the population continues to grow, food security becomes a prominent issue. In addition to this India has to take care of risks like climate change, supply chain inefficiencies etc. India has to make effective use of technologies like artificial intelligence (AI) among others to mitigate risks in agricultural sector. World Economic Forum has an initiative called Artificial Intelligence for Agriculture Innovation (AI4AI) that is directed to do just that. The initiative led by Centre for the Fourth Industrial Revolution (C4IR) India and the Platform for Shaping the Future of Artificial Intelligence and Machine Learning, encourages collaboration between government, academia and businesses to develop and implement innovative technological solutions. 'Saagu Bagu' pilot was launched with Government of the Indian state of Telangana to implement a framework for scaling up emerging technologies to improve productivity, efficiency and sustainability in the agriculture sector. The C4IR India developed the AI for Agriculture framework for public-private partnership in 2021. The framework includes Intelligent Crop Planning, Smart Farming, Farm-gate to Fork, Data-driven Agriculture. About 7000 farmers are now using the technologies to monitor the health of their crops, perform quality control and test soil. Read on...
World Economic Forum:
AI for agriculture: How Indian farmers are harnessing emerging technologies to sustainably increase productivity
Author:
NA
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